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Aurora Cannabis Inc. (ACB) came down to 3.76 at the end of October, reversed, and worked its way back up during November, and on Wednesday it popped 1.20, or 12.31%, to 10.95, with a session high of 11.39, on 70 million shares traded. Near-term resistance is the high from Monday when it reached 12.50 with support around 9.50. That is a 3-point range. If it gets through here, 14.50, 17.00, and 20.00 are the next targets.
Ambarella, Inc. (AMBA) impressed me on Wednesday with coming out of a 4-year base pattern, and then it jumped 6.97, or 8.86%, to 85.68, and a session high of 87.04, on 3.2 million shares traded. That was the second biggest volume in a year. It looks to me like it may be headed higher. I am looking for an extension to 94-95.00, and then much higher.
Callon Petroleum Company (CPE) has gone from 4.50 to 11.50 in the last month. After pulling back for four day, on Wednesday it moved up 1.05, or 11%, to 10.59, with a session high of 11.57, on 7.8 million shares traded, and then popped an additional 32 cents to 10.91 in after-hours. The next target is 14.50.
Jumia Technologies AG (JMIA) had a wonderful reversal on Wednesday of 9.00, having gone from 24.53 to the session high at 33.28, finishing up 4.89, or 17.58%, to 32.70, on over 35 million shares traded. I think this stock has more to go. I am looking for a retest of 40.00, and then the high 40’s.
Vanda Pharmaceuticals Inc. (VNDA) exploded 1.15, or 9.32%, to 13.49, with a session high of 13.84, on 1.1 million shares traded. The next target is 15.50-16.00.
On the long side, stocks included Aurora Cannabis Inc. (ACB), Ambarella, Inc. (AMBA), Apache Corporation (APA), Aphria Inc. (APHA), Canopy Growth Corporation (CGC), Cogent Biosciences, Inc. (COGT), Callon Petroleum Company (CPE), 3D Systems Corporation (DDD), F-star Therapeutics, Inc. (FSTX), Idera Pharmaceuticals, Inc. (IDRA), Innodata Inc. (INOD), Jumia Technologies AG (JMIA), Merrimack Pharmaceuticals, Inc. (MACK), ETFMG Alternative Harvest ETF (MJ), NIO Inc. (NIO), Nano-X Imaging Ltd. (NNOX), Intellia Therapeutics, Inc. (NTLA), OncoSec Medical Incorporated (ONCS), Impinj, Inc. (PI), U.S. Silica Holdings, Inc. (SLCA), Stratasys Ltd. (SSYS), and Vanda Pharmaceuticals Inc. (VNDA).